945 Michigan Avenue 5 Miami Beach, FL $ 599,000
945 Michigan Avenue 5
$ 599,000
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945 Michigan Avenue 5

Miami Beach, FL, 33139
$ 599,000
Bedrooms2 Baths2.0 Sq 976

Monthly Estimate*

$ 3,688

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Condo for sale in Miami Beach, FL

for $599,000 with 2 bedrooms and 2 full baths. This 976 square foot condo was built in 2007.

Amazing Opportunity in Miami Beach!Why should I buy this condo? Rare chance to own one of the best values currently available in the area. Built in 2007, this newer boutique building offers features that are difficult to find at this price point.Association requirements are buyer-friendly with no minimum credit score requirement, no income verification requirement, and no minimum down payment requirement imposed by the association. Unlike many buildings in the area, you don't need a large down payment to buy. Qualified buyers may finance with as little as 3%-5% down, potentially saving tens of thousands of dollars compared to condos requiring 20%-25% or more down. Many condos in the same price range are located in much older buildings dating back to the 1950s, while this property combines modern construction with extensive recent building improvements.The building features assigned indoor parking, two beautiful rooftop terraces, impact windows and doors, and has recently completed major upgrades including building recertification/inspection, concrete restoration work, new roof, and a complete interior and exterior repainting.Inside, the unit has been updated with brand-new flooring in both bedrooms, a new A/C unit, and includes a washer, dryer, dishwasher, and more. Spacious layout, modern construction, and a prime Miami Beach location make this an exceptional value ! Schedule your showing today.

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Condo Coming Soon

Price

$ 599,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 6,685

Style

Year Built

2007

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A12029487

Features
General
Heating Electric
Cooling Electric
Possession Close Of Escrow
Appliances Dryer Dishwasher Electric Range Electric Water Heater Disposal Microwave Refrigerator Washer
HOA Fee 1456
Garage Spaces 1
Association Fee Includes Insurance Maintenance Grounds Maintenance Structure Reserve Fund Roof Sewer Trash Water
Patio/Porch Features Open Balcony
Security Features Secured Garage/Parking Phone Entry Smoke Detector(s)
Construction Materials Block
Pets Allowed Yes
Year Built 2007
Electric Circuit Breakers
View Garden
Unit Number 5
Property Subtype Condominium
Tax Year 2025
Assoc Fee Paid Per Monthly
County Miami-Dade
New Construction false
Property Type Residential
Association Amenities Elevator(s)
Attached Garage true
Subdivision Name THE TERRACE CONDO
Garage Y/N true
Full Baths 2
Status Coming Soon
High School Miami Beach
City Miami Beach
Disclosures Special Assessment
Senior Community Y/N false
MLS Area 2420
Elementary School Miami Beach Fienberg / Fisher K-8
Tax Annual Amount 6685
Property Condition Resale
Standard Status Coming Soon
Occupancy Type Tenant
Property Sub Type Additional Condominium
Legal Description THE TERRACE CONDO UNIT 5 UNDIV 975.85/7232.26 INT IN COMMON ELEMENTS OFF REC 26092-2051
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Interior
Interior Amenities Elevator Other
Flooring Tile Wood
Total Stories 4
Air Conditioning Y/N true
Heating Y/N true
Window Features Sliding
Half Baths 0
Total Bedrooms 2
Entry Level 3
Total Baths 2
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Exterior
Exterior Amenities Balcony Outdoor Living Area
Parking Features Attached Covered Garage Garage Door Opener
Building Area Total 976
Waterfront Y/N false
Covered Spaces 1
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* Excluded Features
List By
Mxim Madcedi

Listing Agent

Affordability Calculator

$4,245
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,688
Monthly Property Taxes
$557
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4822395 Elementary School
4805165 Middle School
Miami Beach High School High School
Pricing History
DatePricePrice ChangeDescription
6/9/2026$599,000 Listed Price

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945 Michigan Avenue 5, Miami Beach, FL, 33139 is a Condo for sale at $599,000 with 976 sqft. 945 Michigan Avenue 5 has 2 bedrooms, 2.0 baths, and was built in 2007. The property's zip code is 33139 which is in Miami Beach, FL